The Cabinet of Ministers approved the investment plan of Guaranteed Buyer

The Cabinet of Ministers of Ukraine adopted the investment plan of the State Enterprise Guaranteed Buyer, the press service reports.

It is noted that the document will allow for the technological modernization of the enterprise. The implementation of the investment plan will help to improve the efficiency of not only the enterprise, but also the Ukrainian electricity market.

The investment plan provides, in particular, for financing projects designed to increase the efficiency of performing the functions of Guaranteed Buyer taking into account the experience of existing world practices. One of the key investments in development is the acquisition of a software package for forecasting the production of electricity by producers at FIT. Integration of the relevant software will improve the formation of the forecast volumes of electricity supply from renewables and, as a result, reduce the amount of unbalances in Guaranteed Buyer balancing group.

“All investments of the enterprise are non-profit support projects, since they are aimed at ensuring the main activity and do not have the goal of generating additional income. Implementation of the investment plan does not require budget funding and material costs,” the statement says.

Tags: The Cabinet of Ministers, contracts, renewable energy, solar energy, wind energy, legislation, electricity, feed-in tariff, electricity market, foreign affairs, Guaranteed buyer, debt, ВИЭ, investors, price, agreement, volumes, modernization, power system balance, hydrogen technologies, electricity transmission, transmission system operator, balancing market, generation, crisis, economy, market, power grid, energy storage

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